According to Michael Porter, there are five determinants of competition.An example of _____ is when competitors seek to expand their share of the market.

Question

Quizplus · Accepted Answer

The determinant described in the question is rivalry between existing competitors. This refers to the intensity of competition between competitors in the same industry. When competitors seek to expand their share of the market, they are engaging in actions to gain a competitive advantage over other existing companies. This is an example of rivalry between existing competitors.

According to Michael Porter, There Are Five Determinants of Competition